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to the economy. the economy needs financial assistance from the outside from the european union and i'm afraid the people running the show presumably the germans in the first instance have decided greek depositors should take a hit. the way that played out at least over the weekend was all depositors would take a hit of some kind no matter how small their deposit. it sales to be now an attempt to back away from that and focus on people with deposits over 100,000 euros targeting in part russians who hold a large amounts of money, claims on those cyprian banks. >> rose: when that happened what was the talk in the financial community citing your com a couple quotes one from dennis gotman the binging has been shaken to its roots. the banking depends on trust. he wrote a note to his clients trust that has now been shattered, broken and destroyed. jim o'neal at goldman sachs says astonishing with very little thought of containing. >> bailout 101 is you want to keep the money in the banks. you want to avoid a run on the banks. you want to avoid where people are standing outside wanting their cash be
: the pope, the economy, the smart phone and a tour of rome when we continue. captioning sponsored by rose communications from our studios in new york city, this is charlie rose. >> rose: we begin this evening with continued analysis of the historic events in rome. all eyes on the vatican. on wednesday evening, jorge berguliglo many saw him as a surprise choice. he's the first jesuit. pope francis is known for humanity and long time service to the poor. he inherits a troubled church much reconciled tradition with a modernizing world. joining me now in rome and new york, monsignor lorenzo al katie and frank bruni and on the phone from rome daniel wakin to talk about what has happened since the selection of the new pope -- why this pope. >> two main reasons. one is significant cardinals really did want to go in a different direction. i think they wanted someone that into of could interject a hint of humanity and solidarity with the poor. a tough administrator. and the other part which is hard to figure out is due to the internal policies of the conclave and the jockeying of different groups
company with extraordinarily small economy. the fact it would precipitate a run with the greek banks or italian banks and bring down the entire system in europe, fumbling along, kicking the can down the road is really pretty fried and we know from experience these events, whether in the balkins with the shooting of an arch duke or whether in cyprus with the shooting of a banking system can lead to fairly significant consequences for the entire european continent and us. >> so far, the worst-case scenario hasn't happened yet. so far. that's good. let me ask you, steve forbes. do you believe that the united states can make itself immune? are we strong enough economically, and financially, to withstand the kind of worst-case scenario that senator gregg discussed? >> the answer is no. we should have learned that from 2008 when these dominos start to topple. it hits everybody. and this is what is so inexplicable. why did the germans draw the line on this, for sheer domestic political reasons. they don't want to be bailing out russian oil gargs. they have an election this year. they have k
this economy. and i thank you once again, my good friend from california, for making all the important points this evening. mr. garamendi: washington, d.c., your leadership in this community has been known for some time and i thank you very much for joining us tonight. i want to do two things before i end. first of all, medicare is back on the table. the ryan budget takes up medicare once again and provides a voucher that will destroy it. i'm going to change this. medicare, 1965, president 2013, created by l.b.j., destroyed by the g.o.p. i don't think so. seniors don't want it. americans don't want it. the last campaign for presidency, this was one of the major issues and ryan is coming back with it. bad idea, bad timing. and i want to end with this, this is a great country. there is no other place in the world like the united states. it is one terrific country. there is enormous energy in this country, where people want to get a job and go to work and businesses want to grow and hire people. all of that is waiting for congress to get its act together, to get this sequestration out of the way
to the sequester republicans will not replace. just as the economy is improving for our neighbors and small businesses back home. in contrast, the democratic alternative will cren rate 1.2 million more job, stop the sequester and in committee, democrats proposed to close those special interest tax loopholes that riddle our tax code, republicans said no. democrats proposed to offset unwise republican cuts to medical research like alzheimer's, cancer, diabetes research at n.i.h., republicans said no. democrats tried to cut the special interest spending in the tax code to offset republican cuts to students who rely on pell grants but republicans said no. mr. van hollen: i yield the gentleman another minute and a half. the chair: the gentleman is recognized. ms. castor: the democrats in the budget committee proposed to strengthen medicare and replace the republican plan to turn medicare into a voucher program. all it does is simply shift the cost tour families and older neighbors. mr. speaker, this republican budget is not consistent with american values. it is not fiscally responsible. it is a
who balance their own budget that we are going to control spending but focus on getting the economy back on track. and we talk about specifics. i mentioned to the president that if you want to start today and actually create good job energy is a really good place to start. greenlight the key stone pipeline. with one stroke of the pen the president could create thousands of jobs. i represent southeast louisiana. there are a lot of opportunities to create tens of thousands of good high-paying jobs in the energy industry where not will you create high school jobs, a high school graduate could make over 55,000, but you bring in treasury revenue that will reduce our deficit. you allow our country to become energy independent so we don't have to buy so much oil from middle eastern countries who don't like us. we'll see in the next few beeks if the president is serious with working with us. >> where did the president say i agree with you? >> i specifically mentioned to the president on spending and the president kind of famously said he is going to close the white house to tours and school
agenda. he got health care passed and fixed the economy. he has the economy on the right track. the gun issue was not a big deal with him in the beginning. gale marriage was not a big issue, but they have become centerpieces, that's the period he's in at this point. republicans are cooperating to the degree that they appeared to be disorganized enough that he appears to be right on track. >> you know, on that point, in terms of the economy, victoria, the president talking about the budget last week, he said something that the gop just jumped all over. the president said, and i'm quoting him, we don't have an immediate crisis in terms of debt, and the republicans and the right wing went bananas. but then mr. boehner and ryan, of course, agree with him. watch this. >> we do not have an immediate debt crisis, but we all know that we have one looming. >> we do not have a debt crisis right now, but we see it coming. we know it's irrefeetably happeningivities they say the president shouldn't have said it, now you have boehner and ryan saying it, about you if both say we don't have an immediat
the people who otherwise woif brought a business into new york. to make the economy grow, you need inbound migration, not outbound migration. neil: it's a dollar's choice for you; right? i mean, you could go to north dakota, but north dakota's pretty far from here, so you go to florida? obviously, a lot of people do. there's no income tax, no estate tax, but a lot of peep don't like the heat. i'm just saying, you know, maybe people are looking at this wilbur saying there's a lot of high tax states. california is one of them. new york is one of them. tristate, new york city, new jersey, connecticut area, all high tax states. where do we go? that's what politicians count on. >> my guess is he'll be in the sense to bring in more tax than he will lose. i don't think you're going to have vast outbound migration, but i think the question is, did you break safe with the business community when you promise them the temporary tax, people sported it. i don't know very few people in the business community opposed it the first time because we thought, well, he's doing a good job. he's trying to fix it
, and middle-class alike. economy isar as the concerned, we are to come together and make it grow. people have been coming out of prison who have been locked up for years and have no sense of direction for what they will do when they get out, just because jobs require certain backgrounds. the money that we pay the why don't we use that to provide a job where everybody gets an opportunity to get off welfare and food stamps? a program should be put in place for those on financial assistance from the government to do some type of work, to earn what they get. those incentives that are being given could be used to develop the economy. thank you, c-span. host: on twitter -- al writes about cpac. that the editorial this morning on cpac from al cardenas as cpac joins its 40th year. travis is on the republican line. caller: there should be a progressive tax on revenue. and i would like to see campaign funds taxed. on the second amendment, it's as we shall not have any infringement [indiscernible]. take care. host: this remark from liz smith -- "usa today" has a story getting attention this friday morni
president obama entered office facing massive deficits and an economy that was shedding hundreds of thousands of jobs per month. now we've made progress towards getting our debt and deficits under control, and we've added back jobs, but the recovery isn't as strong or as fast as it needs to be. millions of workers continue struggling to get back to work, and we still have some very serious challenges when it comes to our medium- and long-term deficit and debt challenges. in the coming weeks and months, we will be asked to make tough choices as we work to tackle these challenges responsibly. this process is not going to be easy. there's a serious difference of opinion about what our government should be doing to keep our economy and our national finances moving in the right direction. one approach is to follow a path back to the economic policies of the last administration. this is the path to more tax cuts for the rich but less opportunity for the middle class to get ahead. it is a path not to prosperity, which can only truly be built from the middle out, but to the deterioration
and the austerity he is putting in place has caused the economy to be really slow. >> a lot of tax increases over there in europe. we look at this austerity bit. i want to talk about this for a second. >> i want to get back to the budget then. >> talk about what is happening in washington. you know, economics discussed on tv or on the internet or on twitter, it's so depressing, because people really don't know what they are talking about and they just sort of boil it down and there is this belief through the years, that tax cuts are not a tool used. of course, tax cuts are a tool used and tax increases something that traditional are against in bad times. we hear about austerity across great britain and we never hear about the tax increases. when you talk about the fact they cut and slash spending at the same time they hike taxes, it really was a formula made to fail. >> spending cuts and tax increases both take money out of the economy and slow the economy and, yes, they create this idea of austerity. but, look. it's a balancing problem. on the one hand you need to deal with it budgets and defici
the economy is getting better, not great, but slightly better. housing will continue to improve. martin luther may or may not be unveiling a new line of papal colors. and go on streetsigns.com to see me race our producer on lawn tractors. he wins. he's got the weight advantage. >> thanks for watching "street signs" everybody. "closing bell" is next. >>> well, we'll see history made today, one way or the other, whether it's in rome or here in new york city. i'm bill griffeth. welcome to "closing bell." we're here at the new york stock exchange, where it looks like another photo finish if history is to be made in the stock market. we know history's about to be made there in vatican city. right now the dow's up 4.5 points. >> history being made on several fronts. i'm sue herrera. maria bartiromo will be right back tomorrow. and at any moment, we'll find who the new pope is. less than an hour ago, that white smoke billowed high above st. peter's square, signaling the cardinals had chosen the new pontiff. we'll keep these dramatic pictures for you throughout the hour, until we see the new pope, lea
and what we really need to do is to focus on growing the economy. the deficit is there. we can deal with it. but growing the economy is the first priority. >> yeah. >> congressman ryan, president obama campaigned on protecting the middle class. so why all of a sudden is chained cpi up there for grabs. even nancy pelosi is starting to embrace it here. are we seeing the democrats shift towards the republican position on protecting the big three? >> well, i'm not sure nancy pelosi is there just yet. i thought she was very careful on what she said, protecting the poor, protecting those seniors. so everything's fungible. and i'll go over battles for the poorest of the poor, our children and senior citizens with nancy pelosi any day of the week. and i'm confident in the house with the leadership of people like keith and john that we will be able to hold a line on some of this from the democratic side. but it does get worrisome every now and again when you hear these comments. i know you've got to be conciliatory and be ready for a grand bargain, but we're not going to sell our soul in the process
to do it this way, as for 2014, i thi it depends on the circumstances in the economy. if there is more obama fatigue. lou: can i say, watching the republican party with all prevail -- tre veil, i think that everyone better give up on idea of doing anything with the democrats and letting the economy doing the intellectual heavy lifting for the republican party, they better get ready to go. because, this is not going to be a default election, just as 2012 was. i have to -- i hate to do it, but we have to right there. anyway, thank yo thank you very, that is it for us, we hope you will be us tomorrow, congressman frank wolf of join us. on what is going on in the obama justice department, from new york. york. >> you know every liberal's dream that government seizing your money out right, there is nothing you can do about it. now no cyprus they could find out the hard way, this tiny island nation sent a tsunami shockwave to the rest of the world, keeping the banks closed until they find a more palatable way to. welcome i am neil cavuto, you got 10 grand in a bank account. how about waking
. and look where we are going. today our national debt is bigger than our entire economy. unless we change course, we will add another $9 trillion over the next 10 years to our national debt. that debt will weigh down our country and our economy like an anchor. at some point lenders will lose confidence in us. they will demand higher interest rates. when they do interest rates across the country will skyrocket on credit cards, mortgages, car loans, families. as interest rates rise, debt payments will overwhelm all other items in the budget. and the debt will overwhelm the economy. our finances will collapse. the safety net will unravel. the most vulnerable, that's who suffers the most under a debt crisis. a debt crisis would be the most predictable disaster in our history. i looked back at 2008 like it was yesterday sometimes. i remember seeing all that was hatching in front of our eyes. i remember panicked meetings with the federal reserve chairman and treasury secretary, and looking back we can see what happened, but at the moment it was a crisis that hit us by surprise. look what happen
in a trillion dollars. you would still be left with a deficit and you would wreck the economy. martha: interesting lesson. stuart, thanks very much. we'll be watching it throughout the day as i know you will. let's look at bigger picture of europe's debt crisis. five countries needed bailouts from the european central bank and imf. greece, spain, ireland, portugal as stuart mentioned. germany the fifth biggest. great britain at number eight. france with the 9th largest. italy at number ten. they all shrunk in the last quarter of last year. europe is basically contracting. the eurozone is losing huge numbers of jobs. a record 19 million people are unemployed. it is a tough picture and one we need to watch closely here at home. bill: sure do. no telling when that thing will get straightened out. >>> more rough water for carnival cruise lines. another disabled ship of vacationers, limping back to port. legend arriving yesterday. a leading senator calling for a passenger bill of rights. what would be in that bill? peter doocy live in washington. what would this bill of rights do, peter? >
. that is terrible for the economy. march 27 there will be a speech in georgia from steve moore. i'm sure the last thing he will say is we need to increase taxes. host: where do you see and that they can come together? caller: i have been working in politics 50 years. the republicans have compromised ourselves into a $16 trillion debt. it's time for the democrats. we have got to cut spending. obama is not doing anything accept raising taxes -- except for raising taxes. the rich are the heroes because they create jobs. i'm not against poor people, but they cannot give anybody a job. we need to stop the attacks on the rich. we need to cut spending. i am thinking of changing my name to cut spending. host: here is what steve wrote on twitter -- let's hear from dennis in massachusetts, independent. caller: how are you? i am reacting to the report that the senate plan suggests another quarter billion dollar cut to medicare after the $760 billion cut that the senate democrats have already made. as your reporter just said, but guess you havd, it's doubtful that will not affect medicare beneficiaries. i am
a crazy for years with the economy. we went to the financial crisis and the deficit kind of blew out. i think that democrats are finally trying to get back in regular order in the senate. max baucus is an interesting figure. they can do any tax changes or it entitlement changes that went through the committee. so he is sitting back and waiting for the issues to come to him. he has already had tax reform hearings. so he is one that will watch this move forward. >> democrats need only 51 votes to pass the budget outline. no doubt it will, but we can't wait to see which senators get lined up as potential sacrifices. the senators running in 2014, mary landrieu, mark begich of alaska, they might get a pass from harry reid. >> that is right. they control a couple of things, but we know that republicans are struggling with the same issue. the president is trying to give someone public and senators to work in a bipartisan way. but there's a lot of consternation in the house about house republicans. going after conservatives who look at tax increases as part of a deal. there is pressure from the
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with the challenges facing our economy. the fact is there are folks on both side of the aisle that talk a good game on the idea of reforming medicare or doing something about social security, nobody wants to own the plan. they want to agree to it reluctantly to a plan brought up by the other side because here's another fact. medicare and social security are universally popular and even in a republican primary getting caught messing around with social security without a reason is bad politics. so any time you hear this from either side, the other side needs to lead, translation i'm not going to put out a plan on medicare or social security. you do it. maybe i'll agree to it. today is the second day of the organizing for action conference here in washington. when you hear what the president told political donors and activists last night, bear in mind he made those remarks after an hour of having his own motives questioned by house republicans repeatedly. from the outset, the president went out of his way to say his aims with ofa are not just political. >> people have been puzzled about what it is tha
. and the federal government last year in the midst of this terrible recession, the midst of this difficult economy, added $33.9 billion in additional costs through regulatory activity that's going to take 81 million hours to complete. let's do some back of the envelope math, mr. speaker. 81 million hours. the average work year, 40 hours a week, you work 50 weeks a year, that's 2000 hours. 000 hours. that's 40,000 people. who will spend every working all of every working day year long just to meet the new federal regulatory burden. mr. speaker, i don't wonder why it is that entrepreneurial activity is the lowest it's been since we began keeping records. the wonder is that folks are still trying at all. i had someone say that to me, mr. speaker. i was visiting with a group of honor students. i represent two counties in the north metro atlanta area. we were talking about what you want to do when you grow up. we were talking about america as a land of opportunity where you can do anything you want to do. where it's our birthright to be filled with opportunities that our parents never dreamed of having
to be cooling a bit on the president's handling of the economy inch spite of this surge that has sent wall street to record numbers and an improving employment picture. a new washington post abc news poll finds 44% approve of the way the president is handling the economy. that is down from 50% in december. right now 52% disagree. and when it comes to public trust on dealing with the economy the president has only a slight edge over congressional republicans, 44 to 40%. joining us now, juan williams, he is a fox news political analyst as you well know. so what is your thinking about the reason behind the president's slide in the polls on the economy, juan? >> independent voters, jon, who were previously convinced that president obama really had a better handle on the economy than the republicans, and now if you look inside the poll numbers that you just cited, what you see is that independents have gone over the edge and now favor republicans slightly to the president. so i think that this in fact is an evidence of the success of a republican strategy. the republican strategy in the midst o
and the economy, the republican budget again calls for its repeal. in addition, their budget ends medicare as we know it, and surprise, surprise, turning it into a voucher program that reduces benefits and leaves seniors paying higher out-of-pocket costs. while this budget blueprint is still lacking in specific details, it is clear that in order to meet the spending targets it outlines, house republicans will slash investments in key areas that are essential to economic growth and job creation, education, job training, science and research will all be on the chopping block in order to reduce the deficit with little regard for the jobs that would be lost and the impact it would have on our nation's competitiveness. the republican budget factors and the sequestration's arbitrary cuts over the next decade, something else that's being rejected by the american people. for new mexico, this means more cuts to education targeted at low-income and special needs children. painful cuts to tribal communities that jeopardizes our responsibilities to indian country with our trust responsibilities, and cuts th
this economy, the obama economy on its way back. happy. are you ready for this? are you ready, dan? a happy friday. ♪ alleluia. ♪ >> bill: friday march 15th. ♪ alleluia. ♪ >> favorite day around the full court press. it seems like this friday was a long time in coming. i don't know. maybe it's because this week -- this was a 5-day work week for me. >> appear 5-day work week >> bill: i didn't get to take a couple of days off this week. great to see you this friday. thank you for joining us here and being part of the full court press as we come to you live on current tv, as we come to you live on your local progressive talk radio station where you happen to be in this great land of ours, whether it's los angeles or chicago or asheville, north carolina or buffalo, new york or any spot in between or -- and how about madison wisconsin? didn't mean to check over that. a lot of great places. also, coming to you live on sirius xm, this hour only. lots to talk about. a lot that you are going to want to comment on. we will give you a lot of different ways to
, corporate profits are up. we're starting to make progress in our economy. wages aren't and unemployment is too high. he wants to have budget that reflects building from the middle out things he said in the campaign. number two, he was asked specifically about chain cpi. what he made clear is he will not chase a bad deal. you heard mr. boehner just now, he seems to be demanding a bad deal. the president making it quite clear he won't chase it i think gave members some confidence it's not as though he's going to give something away like chain cpi. what the president said is any deal he negotiates is going to have to be balanced. that means a significant contribution from revenues, largely from cleaning up the tax code, with a focus on investing. you know, the sequester is putting us two years off on doing a scientific research for health care. so the president was reassuring to us that he's focused on the middle class. he's focused on jobs and not interested in getting into a negotiation where we bid against ourselves, something we've done too much of in the past. >> congressman, members
the economy and put people back to work. if we do that, we'll be bringing in more revenue and if we control spending, potentially what you have balance. >> a quick response to that. >> that's exactly the point. balancing the budget will in fact help our economy. it will help create jobs in our country. get our economy going again. and put more people back to work. the fact that the government continues to spend more than a trillion dollars every year that it doesn't have, scares investors, scares business people, makes them less willing to hire people. >> is the grand bargain dead? >> i don't know whether we can come to be a big agreement if we do. it will be between the two parties on capitol hill. hopefully, we can go to conference on these budgets. hope springs eternal in my mind. >> senators graham and ayotte and other republicans have said they're open to new revenue if the president is willing to do significant entitlement reform. is that something you could consider? would you say no to that? >> the president got his tax hikes on january 1st. the talk about raising revenue is over, i
to shoot straight and say, it's not as if our government's going to collapse tomorrow or the economy is going to collapse tomorrow if we do nothing. but it's time to quit kicking the can down the road. you know, the folks on the other side of the aisle have talked about a balanced approach. but there's nothing balanced about a budget that doesn't balance. frankly the republican proposal is a relatively modest one. we grow government by 3.5% a year over the next ten years and balance the budget to, you know, put our kids and grand kids in a better position. >> obviously a big issue is going to be medicare. congressman cartwright, i want to get you to respond to something that senator corker says he wants president obama to do. here's what he said over the weekend. >> when the president uses his bully pulpit to explain to the american people that families are only paying one-third of the cost of medicare, we will know that we've begun the process of trying to solve this problem. i hope that happens as soon as he gets back from israel. >> congressman cartwright, i know there's a lot of
are actually focused on jobs and economy, erin. they're not focused on the debt. i think you have that captive sort of republican grass root that is focused on the debt and trimming back federal government. and they've captured the sort of republican party. but the vast majority of americans are more focused on the economy and creating jobs and building stable middle class than they are on cutting the deficit. yeah, the deficit is an issue. it's not the number one issue. >> why, boehner do that? we don't have an immediate debt crisis. you would see that in the market, right? so boehner is say ing the truth. it is against what he's been saying which is the debt is a problem. why did he do that? >> he said we need to address it over the long term. that means taking steps now. but here's the thing, he is actually opening the possibility that republicans move to more favorable ground because right now the problem is that republicans are emphasizing have been emphasizing root canal economics, only fiscal austerity rather than a more positive agenda. by conceding the point that we don't have an imme
, in science and research, in education. things that are important to power the economy. our focus has been on jobs first. let's get the economy in full gear. not put the brakes on it. which is what the republicans do. they've gotten austerity budget that according to the nonpartisan congressional budget office, will result in 750,000 fewer jobs bn i end of the year. so we say let's tackle the deficit in a smart way, get people back to work and reduce it over a steady period over a period of time and our comes to balance at the same time that the republicans' budget from last year comes into balance. >> on the issue of revenue, i believe your budget has about $200 billion more in revenue than senator murray's budget in the senate. why did you put that in there considering that republicans are so adverse to any new revenue? >> the budget we have in our democratic proposal. if you take it even together with the revenue from the fiscal cliff agreement, is still less total revenue, luke, than was embedded in the bipartisan simpson-bowles agreement. so we have less revenue proposed by that bipar
the sequester for the moment maybe don't do anything. the economy looks like it's picking up a little steam. and that might be just what we need. you know, in terms of the ryan budget, it took a public drubbing in the election. we, we already forgotten about november? when the republicans ran on the ryan budget. if they want to keep revisiting that, that's their choice. but why are we talking about this? we just find out that medicaid and medicare deliver health care cheaper than anything else? and they want to eviscerate that? it makes utterly no sense at all to me, anyway. >> howard, these seem to be sort of political manifestos, more than fiscal proposals. especially the ryan budget, over 40% of its savings are based on a repeal of obama care. which ain't going to happen any time soon. >> i agree, they are political. they aren't even opening negotiating positions, sometimes people set out markers that are designed to begin negotiations. these are political documents and they're speaking to their own parties. and the democrats have already said, look, you want to run on the ryan budget ag
because of our resilient economy and our world currency status. we do not have a debt crisis right now but we snow it is coming and happening. >>peter: democratic senator durbin tried to put the comments in context this morning. >> we need to put americans back to work. that is our first priority. deficit reduction is the second priority coupled with economic growth. we can do both. make sure we have deficit reduction. also, do not cut too much too fast. >>peter: anyone trying to handicap the odds of a grand bargain should consider what speaker boehner said today when he told use he doesn't know whether democrats and republicans can come to a big agreement but he did add that he trusts president obama. >>heather: thank you, peter, from washington, dc. >>gregg: senator durbin weighing in on immigration reform today. notwithstanding the major hurdles the senator said an agreement is possible but a hathaway to citizenship need to be answers. >> we are working, hours every week, four democrats, four republicans. we are making progress. there are several problems. we are dealing with border
to see right now. we have a $14 trillion economy with $13 trillion of demand. the government is not making up the difference. if the government stops, will the economy collapse? maybe republicans will be happy because there will be a reserved army of 25 million unemployed people and as for the middle class, that's going to be over. >> we're not talking about jobs that are not necessary. i mean, when i come down your way, as i offered to come down to atlanta, we need insfra structure redevelopment. we're talking about bridges, tunnels, infrastructure that needs repair, needs to be dealt with, jobs that are needed. we're not just talking about charity here. >> indeed. >> look, i have five children -- >> this is not like the works public administration where some of the jobs that were created during the great depression weren't immediately necessary. i love some of those artworks but you can argue that those weren't necessary. but infrastructure spending is absolutely necessary. we are running so far behind. some of our biggest international competitors, like the chinese. >> rig
? >> it used to be a stock market was a direct barometer of america and america's economy. that is not necessarily the case anymore. main street malaise and frustration is valid. wall street, particularly talking about the dow jones industrial average, talking about the 30 biggest companies in this country, that move is valid as well. these guys are getting profits from outside of this country. the world can't get enough products from ibm. caterpillar 70% of the its business outside of this country. parent company of kentucky fried chicken, they don't care what happens here, the news from china better be good or their stock goes up and down. anywhere near all the cylinders that we could fire on and american public knows there and obviously they're very frustrated by it. martha: what do we have to do to get growth cooking back in this country again, charles? >> i got to tell you, i don't know over the next four years we will have the exact gameplan we need to be quite frank with you. there is different agenda out there controlling things, anti-business, anti-success agenda.
rate than revenues have got to rise. i'll give you a quick example, our local economy here gained 18 thourgs jobs if the administration would eliminate its ban on coastal virginia energy, here in our district that's being hit so hard by sequestration. our two u.s. senators, both democrats want it. the administration is holding that up. we have got to focus on job creation, that's the first place to go for new revenue. >> i do know that you took a lot of heat from our fellow republicans when you traveled to the newport news shipyard before the sequestesequester, are you about that coming back to bite you? because time and time again, that is a lot of revenue that i cited earlier. people are afraid of,primaried. >> i was raised by an iwo jima marine, he's still doing great, he was my inspiration to run and he taught me to protect my country. i offered the fellow who called me, please relate to the president that i accept with gratitude. we need more communication in washington, not less. it doesn't mean he capitulated, but civility is essential in our republic for us to get things done
. >> these cuts are not smart, they are not fair, they will hurt our economy and add hundreds of americans to the unemployment roles. >> let's start out with the charm offensive taking with them over lunch. >> who are the middle class americans, some are families with children with autism and down syndrome, these are americans we'd be telling to fend for themselves. >> the president reaching out and having phone conversations and encounters with lawmakers of both parts. >> congress allows this meat cleaver approach to take place. the federal prosecutors will have to close cases and let criminals go. >> you know, the president, the big talk around washington is this so-called charm offensive, he has dinner with these republican legislators. >> you don't want to have to choose let's see do i close funding for the disabled kid or the poor kid? >> all right. so much for so-called bipartisanship. joining me now live with his reaction, he's in his bunker, mark levin. we have a nobel prize winning president, the anointed one i call him. were you surprised that barack obama the first was not elect
of the economy. the senate democratic budget recognizes none of this. partisan and in setone and complacent in substance it scores points against the republicans and re'assures the party's liberal base. in short this document gives voters no reason to -- >> with us from washington is david growing of "meet the press." that was. "the washington post" saying tough things about the democratic budget but let's commend. i'm commending democrats today and i -- let's commend the democrats for putting out a budget. because this is where we start the conversation and the conversation starts with two budgets that are both dead on arrival. but it's at least a starting point. >> i do think this return to regular order which speaker boehner has talked a lot about makes sense here. we have now seen, what, the last couple of years where republican leaders are really -- john boehner and negotiating directly with president obama is not working so why not let congress do its job and come up with competing visions of america's fiscal future and let them try to hash that out without the white house always bein
a slow tart with worries about cyprus, a small country, small economy, but it plans to tax people's bank accounts their deposits because of their budget problems. that is raising new concerns about the stability of the european banking system and probably some worse on wall street, especially as we are up here near record highs and we are trading lower across the board and the silicon valley index down on the day so far. the fattest moving real estate market in the country shows the number homes uncontract in 24 hours or less, and the past five months, phoenix has 540 of the so-called flash sales, the most of many, and hoes is -- san jose is the 15th highest. the inventory shortage and higher buyer demand is fueling the instant sales and los angeles has more coming in at 7th and sacramento at eight. live from the new york stock exchange for your news. exchange for your news. >> the morning newsys of walking to give a breast cancer survivor a lifetime-- that's definitely a fair trade. it was such a beautiful experience. (jessica lee) ♪ and it's beautiful (woman) why walk 60 miles in the
. >> yeah. neil, look. i'm a data guy. we all know the bad numbers out of the economy in the last couple quarters, being run over by some of these media folks -- look no further than the unemployment rate which is a fancy way of saying all the people that are either parttimers that want fulltime, or all the people that have just been so discouraged, they have given up looking for work. the number is over 14%. so while the unmomentum rate is celebrated at a post recession low, we're still about mid-teens for unemployment as a real term. >> neil: let me ask you this. when so many states are seeing for some a sudden uptick in the up employment rate,ings to that trigger or pop up in the national numbers or is there a lag effect? what do you see? >> well, there's certainly a lag effect to some degree because there are different economic factors going on in different states. we talk about this before. all the fracking has poshed then unemployment rates in dakotas, but at it gone up, especially in states next door. but for anybody to sit here and tell you that fundamentals are changing as a who
is a balanced budget. this will give us a healthy economy. >> balancing budgets is not just arithmetic. it is a means to an end. it's a means to a healthier economy, a pro-growth society, a pro-growth economy that delivers opportunity. >> bill: president obama is talking with george stephanopolous says, no, no, no, for paul ryan balancing the budget has become more important than doing the right thing for the american people. >> if you look at what paul ryan does to balance the budget it means that you have to voucherize medicare. you have to slash deeply into programs like medicaid. >> bill: jay carney pointed out yesterday in our briefing at the whitehouse that the other thing about the ryan budget is it is all spending cuts, all cut cut, cut, cut, cut. not one freaking penny of new revenue. >> have you looked at the ryan budget? can you find a single item of tax reform, a single loophole closed? $5 trillion, $5 trillion, man. >> that's a lot of money. not one. >> bill: cuts 5 trillion, doesn't add one penny new revenue. it's totally unrealistic. here'
jobs balancing the budget and trying to get our economy moving again. >> stephanie: why won't the president help us kill more poor people? >> we have a mulch shortage in this company. >> stephanie: why won't the president compromise on that. >> make sure there is more money for bronzer. >> the republicans want to balance the budget, the president doesn't. the republicans want to solve our long-term debt problem, the president doesn't. we want to unlock our energy resources to put america back to work. the president doesn't. but i hope these kinds of discussions can continue -- >> stephanie: that made no sense at all. >> we need more oil spills and more dead poor people. but it was a good start. >> stephanie: how it is a good start. the boner one more time. >> i thought we had a very candid and frank exchange of ideas, and frankly i think it was productive. >> frankly. productive. as long as we get rid of more tax cuts for orange rich people. >> stephanie: margaret in texas. hello margaret? okay. scott in massachusetts. she was enjoying the show at least. hel
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to listen to the message you have about the economy, about health care, about education. because they're so turned off by the rhetoric about illegal immigration. and that i think is what ari and the republican party is talking about now. >> so john berman has covered politics for a gazillion years. richard, you are my nonpolitico. are you moved? is there a sense of a relaunch? >> i'm the type of person that i'm to be persuaded, right some but to me, i know especially this 18 to 29 group, i just feel like it seems like marketing. and i hear the word brand and to me that makes it seem that it's not authentic. so i think social issues, but this idea of the package and -- it just seems like a branding and a marketing thing and i think a lot of young people are pretty wise to that sort of approach. >> so let's go right back then to jake. when you look at the cpac, right, and the straw poll that came out of that, you had rand paul winning with 25%, right behind was marco rubio, something like 23%. and you had contra ticker to me contradictory messages. again, polar opposites on the state of the r
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